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How Did Americans Become Poor?

Discussion in 'Political Issues' started by Ruble Noon, Aug 7, 2012.

  1. PettyOfficer

    PettyOfficer

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    Nov 24, 2011
    Houston, TX
    Trickle down economics (give the rich more $$) didn't work!!!
     


  2. Little Joe

    Little Joe

    7,361
    1,290
    Dec 28, 2007
    At The Ready
    Usury. It doesn't work on the government or personal level.
     
    Last edited: Aug 7, 2012
  3. You ain't seen nothin' yet. The debt bubble continues to be kept aloft by the fed and cheap credit for all. When e thing really crashes, there will be great wailing and gnashing of teeth.
     
  4. cowboywannabe

    cowboywannabe you savvy?

    21,895
    5,672
    Jan 26, 2001
    when you take money from those whom earn it and give it to those whom don't, you get poor equally distributed.
     
  5. Brucev

    Brucev

    9,189
    5
    Jul 19, 2009
    Well... tinkle economics was a failure. Nafta was a failure. Running around the world using our military to play policeman didn't work. That'll do for a start. Then of course there is the resident twit squatting in the white house... he's even worse than those who proceeded him. They at least were not domestic terrorist committed to the destruction of America.
     
  6. JohnnyReb

    JohnnyReb Lifetime Member

    4,082
    97
    Sep 20, 2004
    FEMA REGION III
    Entitlement spending!

    Outdoor Hub mobile, the outdoor information engine
     
  7. G17Jake

    G17Jake

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    Sep 13, 2002
    Not stealing as much from people isn't giving them anything.
     
  8. Show me those "poor" Americans you are talking about. They have food on the table, cars in the garage, satellite antennas on the roof, iPhones in the pocket. All those horrible "debts" you are talking about are just virtual numbers in the credit card accounts that no one is expecting to be ever paid off.
     
  9. Little Joe

    Little Joe

    7,361
    1,290
    Dec 28, 2007
    At The Ready
    Lots of truth here, but no denying we are on a downward trajectory heading for disaster.
     
  10. series1811

    series1811 Enforcerator. CLM

    Who knew that spending more than you take in, year after year, would be so bad for families and countries?

    There is probably an economics lesson in there somewhere.
     
  11. aircarver

    aircarver Ride Continues Silver Member

    Totally lost on a large segment of the population ... :frown:

    .
     
  12. youngdocglock

    youngdocglock

    896
    1
    Jun 28, 2012
    NH
    Few things.

    Handouts.

    Overspending

    Borrowing more than we can repay.

    Sending all our jobs to china

    Increasing the price of products 10x but only increasing minimum wage 2x...


    adds up...
     
  13. Problem is, it is not bad enough for them, so they keep doing it. What's the worst that could happen if you (or you country) don't pay your debts?